Platinum Victory investment fund last November caught special attention from the public when acquiring 5.5 percent of shares of Vinamilk divested by the State Capital Investment Corporation (SCIC) in a deal worth $616.6 million.
After that, it continued buying Vinamilk shares and increased its ownership ratio in Vietnam’s biggest dairy production company to over 10 percent.
Platinum Victory Pte Ltd is headquartered in Kuala Lumpur, Malaysia. It is the developer of a series of huge real estate projects in Taman Melati, Danau Kota, Sentul and Jalan Sultan Ismail.
Platinum Victory is 100 percent owned by Jarrdine Cycle & Carriage (JC&C), a Singaporean leading company operating in the automobile distribution sector in South East Asia which has subsidiaries in Singapore, Malaysia, Indonesia and Vietnam.
Before making investment in Vinamilk, JC&C had been present for nearly 10 years in Vietnam as the strategic shareholder of Thaco, an automobile manufacturer and REE.
JC&C is now holding 25.1 percent of shares in Thaco, and its subsidiary Platinum Victory Pte Lte is holding 23 percent of REE shares.
The investment in ACB is one of the most long lasting deals of JC&C. Connaught Investors, a link of its network, held 7 percent of ACB shares and has transferred the shares to other two companies of the same network.